Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm struggling to think what good news could come along in the near future that would see a significant rise here.
FCA Investigation - unlikely to be concluded within the next 12 months imo (although i really don't think this is an issue anyway)
Trading Figures - pretty much already been suggested that 2019 isn't going to be a great year. I guess it could be better than expected but probably going to be loss making with margins remaining an issue in the short term.
Director buys - can only assume they are not allowed to buy as surely they would have done when it was 40p so cant see this happening any time soon. (until after FCA investigation has been concluded maybe?)
Dont get me wrong if you are prepared to sit on these for 12 months + then this has the potential to be a very good investment. I would guess at £3 - £4 maybe but talk of £10 + though is crazy.
In the interim I have sold my holding this week as it believe it will drift from here on lack of good news over the next 6 months. I will look to buy back at some point if im proven to be right. If not then ive banked a bit of profit so alls good.
All await the usual 'deramping' accusations that are sure to follow
I'm not deramping at all.
I still have a big amount invested in here (@ £1.07) from the first day it dropped like a stone when the problems were first made public. I could have doubled my money within that first week but never sold.
I bought again when it dropped further but this time locked some profit in on that tranche on the back of the rise. (I still sold them at higher than i can as we speak).
I have no reason to deramp or ramp. Finally, i wouldnt say i play the swings; ive just learnt through painful experience its often a good idea to lock some profit in
Crikey i'd rather not look at some of the companies i've held (and a few i still hold) as there has been some real dogs: although i could have made good money on them all if i'd only been willing to lock some profit in, instead of wanting to get 'rich quick'
All im saying is that this share is highly volatile at the moment and there is going to be big swings over the next few months imo. I do think long term this is a good punt at these prices, however I repeat this is not going to move substantially on the back of the next trading update as it is not going to tell us anything we dont know. If i was a guessing man then it would be turnover is slightly up but margins slightly down.
News of Bobby buying and that intangible 'market sentiment' are the only things going to make this rocket. On the other hand a II offloading is going to move it quickly the other way (as we have already seen happen) All imo
Ironic i know its debt free you've told me 100 times over the last month.
If your willing to hold them for 12 months minimum (or trade the swings) then you will make some profit but dont expect to have a trading update this month and see it rocked to £4+ that just isnt going to happen
Steady on guys. I'm a big fan of Yu and have been in from the first day.
I'm not sure what you are all hoping for in this next trading update and i'm not sure what you class as a positive trading update. If its confirmation that it will be loss making this year and next year but with expectations to be profitable by 2020 then you will get your wish. I don't see how it can be anything other than that.
Talk of £4 and £5 is just crazy imo
I'm out at 83p. Bought £2k worth last week at 47p so happy with a £1.5k profit. I have no idea where this is heading short term and may buy back in if it drops back to around the 65p range but if it doesn't then happy with the money i've made.
GL to all those who are still holding
Just bought £2k worth @ 47p. Very good investment for those who have any patience.
Nothing will come of the FCA 'investigation'. It will probably take years and there will be a slap on the wrist and at worse a minimal fine, which in 2 years time will hardly be felt by the company anyway.
I would expect director buys at the next available opportunity but i suspect they are being advised to wait until everything is 'concrete' before they do so.
Don't often come on here as i have pretty much written these off, mentally anyway.
I did learn a valuable lesson though and my losses here have been somewhat recouped by knowing when to sell. I was sat on massive profits and now sat on a massive loss, oh well.
BTW: looking back at some recent posts the abuse Pete still gets on here is shocking and some people need to grow up
Is anybody still in here? Not one post in 4 months must be some kind of record? There appears to be no interest in this share at all, volume is miniscule. I sold on the spike and thinking about dipping a toe back in. Anybody have any opinions they would like to share ?
These have been in the bottom draw for the last year or so but couldnt resist a top up today (thats my £3k at about 9:10).
Very quiet on here these days. Guess not much to talk about or report at the moment. Just sitting and waiting for the BoD to turn this around. Will take time so still sat in the bottom draw for the next 2 years or so. Not ramping (as I know its frowned upon on here) but you may want to have a look at Yu Group. I'm invested and excited about its prospects but the again I was about Coms 2-3 years ago!!
I'm also invested here and observing from a distance. I dont post very often on LSE anymore but hoping this little gem will help me recoup some losses incurred elsewhere :) Right industry at right time and with what appears to be little 'free-float' this is primed to fly on any good news at all. It will be very hard to buy when good news hits imo
Just thought i'd pop in to say hello. Still holding and quietly confident that this will move in the right direction given time.
Oh FFS, all you have stated in about 3 pages of copy and paste is that DB didn't start Coms in his bedroom with a mobile and a pad of paper. Nobody is denying that there were foundations already in place but you quote a turnover of less than £3m, when the current forecasts are around the £50m. You say DB has run it into the ground and basically has undone all the good work "your guys" had done. Behave
Lol, credibility in pieces. If I want to know about a company shall I come to you or just go straight to the poster who posted it in the first place? Next time, just point me in the direction of where you stole it from; saves you having to copy and paste it :-D
Well that's your take on it but not mine. The share price was 0.40p in December 2012 and it has been suggested it was only weeks away from going bust. DB was appointed in Jan13 (with Coms only having 19 employees). MXC were gone the very next month. You say they sold out cos the job was done and they were happy with their return. DB take on it is slightly different so I guess it boils down to who you believe. However, want can't be argued is that the SP was much less than a penny when he took over and despite it's continued fall over the last 10 months is still over 2.5p. How in anybody's language can that be construed as 'running it into the ground'? I'm not going to throw all the other facts and figures at you, there's no need. It's obvious to everybody that the business is a completely different animal now from when DB took over and is primed for a change in sentiment when the next financial figures are released.